William H. Morse State Airport Business Plan
R.A. Wiedemann & Associates, Inc., performed an Airport Business Plan for William H. Morse State Airport in 2008. The purpose of the Business Plan was to recommend potential means of improving the Airport’s financial performance, identify means to enhance economic development due to the Airport’s presence, and to examine methodologies for increasing operational efficiency.
The Business Plan set forth a recommended plan of action for the State to follow, which rests conceptually on three primary strategic initiatives:
- Attraction of Corporate/Business Aviation
- Hangar Development
- Non-Aviation Development
Many of the revenue enhancing strategies had additional benefits to the Bennington area, such as creating opportunities for economic development, the related impacts of increased property tax values to local government, and job creation for the local community. An economic impact assessment of the Airport was also performed as a part of the Business Plan.